Raytheon awarded $2 billion Patriot missile order

Tewksbury, Massachusetts – Raytheon Co. has been awarded a contract worth over $2.0 billion to deliver its combat-proven Patriot Air and Missile Defense System to an undisclosed international customer.

 

The contract, awarded on April 2, 2015 and booked in the second quarter as a direct commercial sale, includes fully digitized new-production Patriot fire units with the latest technology for improved threat detection, identification, and engagement. The contract also includes a full training package and support equipment.

 

Raytheon's Global Patriot Solutions offers protection against advanced threats including aircraft, tactical ballistic missiles, cruise missiles, and unmanned aerial vehicles. 

 

"In the past five months Qatar, Korea, and now this international partner have all chosen Raytheon's Global Patriot solution because they have confidence in the world's most advanced air and missile defense system," said Daniel J. Crowley, president of Raytheon Integrated Defense Systems. "Including this most recent contract, Raytheon has booked more than$5 billion in international Patriot orders since late December 2014."

 

In the past month alone, Raytheon has received nearly three-quarters of a billion dollars in new business, including: a $91.5 million U.S. Air Force contract modification award for the Miniature Air Launched Decoy Jammer (MALD-J) missile; a $528.8 million fixed-price incentive, firm target contract modification for Advanced Medium Range Air-to-Air Missiles (AMRAAM) that includes foreign sales; a $35 million contract to deliver Stinger missiles and air-to-air launchers to the Republic of Korea; and a U.S. Navy contract worth $109.6 million to purchase long-lead materials needed to meet Standard Missile-6 (SM-6) full-rate production and Standard Missile-2 (SM-2) sustainment for fleet-area air defense.